AES intends to price fixed-rate notes in two parts due 2025 and 2030

By Devika Patel

Knoxville, Tenn., May 15 – AES Corp. plans to sell fixed-rate senior notes (Baa3/BBB-) in two tranches due 2025 and 2030 through a Rule 144A and Regulation S sale, according to a press release.

Credit Suisse Securities (USA) LLC will bill and deliver.

Proceeds will be used to purchase up to $1,485,000,000 of 4% senior notes due 2021, 4.875% senior notes due 2023 and 4.5% senior notes due 2023 in tender offers, to retire debt and for general corporate purposes.

The issuer is an Arlington, Va.-based power company.

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